FTX marketplace to support famous Solana NFT projects

By October 2, 2021NFT
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BeInCrypto –

Leading crypto derivatives exchange FTX tweets about plans to support famous Solana NFT projects, such as Degen Ape Academy, Aurory, Thugbirdz, and Solana Monkey Business.

FTX recently announced via a cryptic tweet, that it is now supporting an array of Solana NFT projects on its cross-chain NFT marketplace, including Degen Ape Academy, a collection of different cartoon apes, and the newly released Galactic Geckos. FTX announced the new NFT exchange earlier this year, called SOLSEA. FTX is choosing to support NFT projects based on market cap, floor price, and volume. Support for Opensea NFT collections such as Art Blocks and Bored Yacht Ape Club are also expected to be supported soon. The Bored Ape Yacht Club is a collection of over 10000 ape avatars, hosted on the Ethereum blockchain, built on top of the ERC-721 Token Standard.

Buying and selling on FTX NFT platform

FTX announced the new NFT marketplace earlier this year, called SOLSEA. Users will be able to register on the FTX.US domain, according to FTX.US president Brett Harrison. Deposits and withdrawals, which will only be available on the FTX.US domain, will allow users to deposit external NFTs from peer-to-peer platforms like Opensea or Solanart onto the FTX marketplace. It is expected, although not made official, that fiat deposits, ETH, and SOL can also be used for buying and selling NFTs on the FTX marketplace. A fee is charged upfront to mint an NFT to combat spurious submissions, and FTX charges the buyer and seller 5% apiece for each sale.

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